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An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
Who makes Cuba's economic decisions?
the government makes all the decisions, he is a dictator
What type of economy is it where all economic decisions are based on age-old customs?
A traditional economy is where all economic decisions are based on age-old customs.
Who makes economic decisions?
the government makes all the decisions, he is a dictator
In a traditional economy what are the economic decisions based largely on?
In a traditional economy the economic decisions are largely based on custom. In all centrally planned economies the government makes all important economic decisions.Ê
An economic system in which the central government directs all major economic decisions?
an economic system in which the central government directs all major economic decisions
Who makes Cuba's economic decisions?
the government makes all the decisions, he is a dictator
What type of economy is it where all economic decisions are based on age-old customs?
A traditional economy is where all economic decisions are based on age-old customs.
Who makes economic decisions?
the government makes all the decisions, he is a dictator
Who individuals make all economic decisions?
gov't
In a traditional economy what are the economic decisions based largely on?
In a traditional economy the economic decisions are largely based on custom. In all centrally planned economies the government makes all important economic decisions.Ê
What is An economic system in which the government makes all economic decisions?
it's called a command economy
Who makes economic decisions in a mixed economy and why?
The government makes all the decisions because the government does all the spending and taxation to provide jobs and services and he also influences on the economic growth
Who makes all the economic decisions for the country Luxembourg?
The Grand Duke does.
What is the goal of all economic decisions in the market economy?
utility maximization
All economic decisions are based on age-old customs.?
traditional
How many different economic systems exist?
Communism - land, means of production and property are owned by the people as a group, but the government makes all the economic decisions. The government decides which goods are available at a given time. Socialism - all land, property, and means of production is controlled by the government. All economic decisions are made by the government. The government decides what gods are produced. Capitalism (market economy) - entrepreneurs risk capital in a business. Economic decisions of what to produce is controlled by supply and demand. Price is controlled by demand for the most part. Private ownership is an important part of capitalism. Government decisions affect the economy in a capitalistic society. Barter- People trade for what they need.
